Comcast, NBC to sell TV station in Los Angeles
NEW YORK - May 10, 2010 -- Comcast says NBC Universal will sell one of the three Los Angeles stations it owns as the cable TV company prepares to acquire NBC.
Comcast Corp. is trying to clear a regulatory hurdle as it moves to complete the purchase of a majority stake in NBC Universal. NBC Universal currently owns the NBC station in Los Angeles, one for the Spanish-language Telemundo network and an independent Spanish-language station, KWHY.
Federal regulations usually bar companies from owning more than two stations in a local market. NBC has been operating under waivers from the Federal Communications Commission.
comcast, nbc, business/finance
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